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A survey asks 1000 ?workers, Has the economy forced you to reduce the amount of vacation you plan to take this? year? Thirty?-four percent of those surveyed say they are reducing the amount of vacation. Thirty workers participating in the survey are randomly selected. The random variable represents the number of workers who are reducing the amount of vacation. Decide whether the experiment is a binomial experiment. If it? is, identify a? success, specify the values of? n, p, and? q, and list the possible values of the random variable x.
(A.) Is the experiment a binomial? experiment?
(B.) What is a success in this? experiment?
(C.) Specify the value of n. Select the correct choice below and fill in any answer boxes in your choice
(D.) Specify the value of p. Select the correct choice below and fill in any answer boxes in your choice.
(C.)Specify the value of q. Select the correct choice below and fill in any answer boxes in your choice.
(E.) List the possible values of the random variable x.
Everything else held constant, decreased demand for a country's exports causes its currency to ________ in the long run, and increased demand for imports into the country causes its currency to ________.
Suppose the market demand for a good is described by the equation P = 60 - 0.5Q. If a change in market supply results in price decreasing from P0 = $40 to P1 = $30, then the resulting change in consumer surplus is:
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Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment
Fidelity Mutual (an insurance company) has offered you a single premium annuity that will pay you $12,000 at the end of each year for the next 15 years.
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